Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

Samsung and SK Hynix drop 12%+ (Kospi -10.5%) amid AI sustainability concerns and Chinese competition; CXMT IPO raised $8.6B Monday at +466%. For IT leaders: narrowing chip margins and cooling AI sentiment demand vendor strategy refresh and infrastructure budget rebalancing.